Economic Development Agreement With Overland Group for DG Market
City of FreerCity · TX- Disclosed value
- $200,000 purchase price; estimated $1,500,000 developer investment; reimbursement of water/sewer relocation costs after one year of operation
- From agenda
- Document date
- Jun 20, 2023
The 30-second brief
The City of Freeport is considering approval of an economic development agreement with Overland Group to sell city property for $200,000 for construction of a Dollar General Market store. The agreement includes claw-backs and reimbursement of water and sewer improvement costs after 365 days of successful operation, with the developer investing an estimated $1.5 million in the project.
Overland Group holds this contract with City of Freer. Its other public contracts on record include work for City of San Juan and City of Missouri Valley.
Term as filed: Developer must complete construction within 365 days and operate Dollar General Market for 365 days before reimbursement eligibility.
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Contract details
- Amount
- $200,000 purchase price; estimated $1,500,000 developer investment; reimbursement of water/sewer relocation costs after one year of operation
- Document date
- June 20, 2023
- Term
- Developer must complete construction within 365 days and operate Dollar General Market for 365 days before reimbursement eligibility
- Vendor
- Overland Group
- Agency
- City of Freer
- Source document
- freeport-agenda-2023-06-20-pdf_701.pdf (Agenda)
Overland Group's other public contracts
More City of Freer contracts
Questions about this contract
Who was awarded the government contract by City of Freer?
Overland Group was awarded this government contract by City of Freer, as recorded on June 20, 2023. The contract value is $200,000 purchase price; estimated $1,500,000 developer investment; reimbursement of water/sewer relocation costs after one year of operation.
How much is the Overland Group contract with City of Freer worth?
The Overland Group contract with City of Freer is valued at $200,000 purchase price; estimated $1,500,000 developer investment; reimbursement of water/sewer relocation costs after one year of operation.
What type of contract is this?
This is a government contract, documented as a agenda record.
Where was this contract approved?
This contract appears in freeport-agenda-2023-06-20-pdf_701.pdf (Agenda), dated June 20, 2023 from City of Freer. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Overland Group hold?
Overland Group may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Freer currently buying?
Explore City of Freer's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.